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Charliemunger

Will Berkshire Hathaway investors panic when Warren Buffet...Will Berkshire Hathaway investors panic when Warren Buffet passes away? Few companies are as closely tied to their leaders as Berkshire is to Warren Buffett and was to Charlie Munger. Munger's recent passing, who served as Berkshire's vice chairman since 1978, signifies the end of an era for the company. While Munger's role was significant, Buffett's influence on the company is even more substantial. Given his age of 93, Buffett's eventual passing could potentially have a large impact on Berkshire's stock price. Investors may be spooked or optimistic about Berkshires possible future. The cult of personality and reverence for billionaires among the investing class suggests that the impact would be negative. But who knows? In a recent letter, Buffett asserted that Berkshire is "built to last" and will continue to thrive under capable leadership, likely from Greg Abel. Currently the CEO of Berkshire Hathaway Energy and vice-chairman of non-insurance operations, Abel is seen as a potential successor. As pondered by Reuters; will he be willing to divest underperforming or uninspiring businesses, unlike his predecessors who preferred long-term holdings, or whether Berkshire might consider paying its first dividend since 1967?
NYSE:BRK.A
by BlackBull_Markets
Charlie Munger's 10 Golden Nuggets!Charlie Munger, the esteemed Vice Chairman of Berkshire Hathaway, is known for his investment acumen and his indispensable role in building an investment empire alongside Warren Buffett. Munger attributes their phenomenal success to a set of fundamental ideas that guide their investment decisions. Below are the 10 key principles: 1. Consider Opportunity Costs - It is imperative to approach capital allocation with rigor and discipline. Munger advises to cautiously evaluate investment options and wait for an opportunity with great potential. When such an opportunity arises, allocate capital decisively. 2. Mitigate Financial Losses - Munger identifies common reasons for financial losses among investors, such as susceptibility to trends, excessive risk-taking without safeguards, complacency in the face of losses, and the erosion of purchasing power through inflation and interest rates. Addressing these issues is essential for capital preservation and growth. 3. Decisiveness in Execution - Being well-prepared to capitalize on an opportunity when it presents itself is crucial. Munger emphasizes the importance of quick and informed decision-making when a highly promising investment opportunity arises. 4. Focus on Key Priorities - In a world with endless investment options, Munger suggests narrowing one’s focus on investments with a proven track record, paying attention to relevant details, and having a well-thought-out investment plan. 5. Flexibility in Investment Strategy - The ability to adapt to changing market conditions is essential. Accepting new information, even if contrary to prior beliefs, and making necessary adjustments to one's investment strategy can be vital for success. 6. Exercise Patience - Munger stresses the importance of a long-term perspective in investment. It’s vital to develop and refine your investment strategy, and patiently wait for the results to materialize. 7. Cultivate Humility - It is important to recognize the limitations of one’s knowledge. Accepting that there are things you do not know can open avenues for learning and making better-informed investment decisions. 8. Commitment to Continuous Learning - Staying informed and constantly seeking to understand the underlying reasons behind market movements is crucial. Munger recommends reading extensively and engaging with diverse sources of information. 9. Risk Management - Munger suggests focusing on the value that an investment offers over its price, prioritizing wealth preservation over the sheer size of the portfolio, focusing on meaningful progress rather than constant activity, analyzing individual companies in-depth, and making projections based on fundamentals rather than past trends. 10. Maintain Independence in Thought and Action - Rather than following the crowd, Munger believes in the importance of independent thinking in investment decisions. This requires carving out a unique investment path that aligns with one’s principles and understanding of the market. In summary, Charlie Munger’s insights serve as invaluable guidance for anyone looking to achieve long-term investment success. By diligently applying these principles, investors can make more informed decisions and build a sustainable investment portfolio.
NYSE:BRK.AEducation
by financialflagship
6
DXY / USD reaching higher time frame upside objective... Short-term Bullish DXY/USD almost reaching upside objective as mentioned. Once DXY gets there, sit sideline and monitor if there is any willingness to go higher. With what's going on in the world now, there will be flight to quality or better yields. Be cautious right now as we enter March 2023, things might get shaky. Someone else is getting ready to drop the hammer... "Billionaire Charlie Munger Reveals The Reason Berkshire Hathaway Is Sitting On $88 Billion in Cash" by Yahoo Finance By Sifu Steve @ XeroAcademy #dxy #usdollar #charliemunger #berkshirehathaway #buyatdiscount
TVC:DXY
by XeroAcademy
The Only Earnings Play I Am Betting OnI believe BRK.B's earnings was pushed back in response to the FED meeting today. Which is great because now I can catch some calls for a lower premium. Anyways, the goal here is to profit off the Buffet machine that is Berkshire Hathaway. From a technical POV, it is obvious we have a powerful set up in both the W and the D view (watching 50, 100, 200 MA's). Secondly, we are looking at a powerful buy range here at the $280 price point. The cup and handle formation are setting itself up to be exploited... I will not go deep into the fundamental POV but here's what I am watching.
NYSE:BRK.BLong
by SPADESASSETS
KHC is the 5th holding of Berkshire. What can we expect? Today we will look at Kraft Heinz, a stock in the top 5 holdings of Berkshire Hathaway, that has not been performing yet with stellar results, but that may change, or not... So first, let's look at some conclusions from a technical perspective. -From 2017 to 2019, the price was clearly on a bearish trend, defined for the most external trendline (white line) -From 2019 until the beginning of 2021, we observed a consolidation period where the price moved sideways between 37.00 and 27.00 -From 2021 until now, we observed the beginning of a slightly bullish trend and the first breakout of the bearish trendline -Now, we can see a corrective pattern on the edge of the previous trend (this type of behavior is typical to see when the price is about to break a key level (trendlines, or support/resistance. We will tend to observe any type of corrective patterns. Ok, what now? What's your view? I have defined activation, invalidation levels, and targets based on all the previous elements. IF the price reaches the green horizontal line, I will consider that my analysis is active, and I will think it is no longer valid if the price reaches the red horizontal line. The target for this movement is 64.00 (on the next resistance level), which means a 60% increase from the activation level. Regarding time , I think a movement like this will need around a year to happen (if it happens, of course...) What if the price never reaches the activation level and keeps falling? Then I will cancel my view. Are you trading this with your personal account? No, I'm not taking this setup. However, I find it an interesting chart, from a technical perspective and under the idea that it is the number 5 holding of Berkshire Hathaway. Thanks for reading; feel free to share your view in the comments.
NASDAQ:KHC
by ThinkingAntsOk
3
Some of Charlie Munger best savage momentsThe quotes with a bit more detail and context: About active stock trading & related courses: If you take the modern world where people are trying to teach you how to come in and trade actively in stocks. Well I regard that as roughly equivalent to trying to induce a bunch of young people to start off on heroin. It is really stupid. And when you’re already rich to make your money by encouraging people to get rich by trading? And then there are people on the TV, another wonderful place, and they say, “I have this book that will teach you how to make 300 percent a year. All you have to do is pay for shipping and I will mail it to you!” How likely is it that a person who suddenly found a way to make 300 percent a year would be trying to sell books on the internet to you! It’s ridiculous. About boards of directors: Buffett: I've been on 19 boards, and I've never seen a director to whom fees were important object to an acquisition or a CEO's compensation--members of compensation committees act like Chihuahuas, not Great Danes or Dobermans. I hope I'm not insulting any of my friends who are on compensation committees. Munger: You're insulting the dogs. About GME: It's really stupid to have a culture which encourages as much gambling in stocks by people who have the mindset of racetrack bettors. And of course it's going to create trouble, as it did. It's not generally noticed by the public, but clearinghouses clear all these trades. And when things get as crazy as they were in the event you're talking about, there are threats of clearinghouse failure. So it gets very dangerous. "Free" brokers: Robinhood and other brokerages catering to novice individual investors are really supplying “gambling services” and make money in a “dirty way,” Munger said, according to Bloomberg. It’s most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood. I think all of this activity is regrettable. I think civilization would do better without it. No one should believe Robinhood trades are free. The frenzy is fed by people who are getting commissions and other revenues out of this new bunch of gamblers. When you pay for order flow, you're probably charging your customers more in pretending to be free. It's a very dishonorable, low-grade way to talk. Nobody should believe that Robinhood's trades are free. On neo-liberal banking deregulations: People really thought that giving a predatory class of people the ability to do whatever they wanted was free-market enterprise. It wasn't. It was legalized armed robbery. And it was incredibly stupid. The whole world is better when you don't reduce engineering standards in finance. We skipped a total disaster by a hair's breadth. I'm a big fan of the people who took us through the crisis. I'm not a big fan of the people who caused the crisis. Some of them deserve to be in the lowest circle of hell. About Ethanol: I think running automobiles on corn is one of the dumbest ideas. Ethanol is quite possibly the stupidest thing ever invented by rational people. The ultimate social safety net -- which is a very good idea, by the way -- is cheap food, and ethanol production is destroying this. It was a monstrously stupid idea like I haven't seen before. About Bitcoin: It’s just dementia. And I think the people who are professional traders that go into trading cryptocurrencies, it’s just disgusting. It’s like someone else is trading turds and you decide, ‘I can’t be left out'.
TVC:SPXEducation
by MrRenev
4